Explain the main concepts of capital maintenance, making references to the IASB’s Conceptual Framework.
PART A Question 1: IASB’s Conceptual Framework (a) The International Accounting Standards Board (IASB) devises and publishes International Financial Reporting Standards (IFRS Standards) while it revised versions of International Accounting Standards (IAS Standards) originally published by the International Accounting Standards Committee (IASC). The IASB has also published the Conceptual Framework for Financial Reporting reflecting some […]